The following unadjusted trial balance is prepared at fiscal
year-end for Nelson Company.
Unadjusted Trial Balance
January 31, 2013
J. Nelson, Capital
| J. Nelson,|
| Sales returns and|
| Cost of goods|
| Store supplies|
Rent expense and salaries expense are equally divided between
selling activities and the general and administrative activities.
Nelson Company uses a perpetual inventory system.
|a.||Store supplies still available|
at fiscal year-end amount to $2,650.
|b.||Expired insurance, an|
administrative expense, for the fiscal year is $1,450.
|c.||Depreciation expense on store|
equipment, a selling expense, is $1,600 for the fiscal year.
To estimate shrinkage, a physical count of ending merchandise
inventory is taken. It shows $10,100 of inventory is still
available at fiscal year-end.
Using the above information prepare adjusting journal
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